Alameda received $60 million in USDT from OKX over 16 transactions - cyptoranking.com

2024-05-02

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The project’s GitHub page further elaborates on the implications of this technology, stating: “Using zero knowledge to prove off-chain compute effectively brings the result of that compute onto the blockchain when it is verified.” “We believe that BETE and BETH are groundbreaking in that they offer investors the opportunity to target the performance of the two leading cryptocurrencies in their brokerage accounts through one transaction with a single ticker,” CEO Michael Sapir said in a statement. “We are offering two weightings depending on an investor’s desired exposure.” Alameda received $60 million in USDT from OKX over 16 transactionsETC was trading at the lower level of the symmetrical triangle that was present on the altcoin’s chart. If ETC falls below this boundary, then it may plummet to as low as $14.25 in the subsequent few days. This bearish thesis may be invalidated if ETC closes a daily candle above the $15.85 resistance level in the next 48 hours. General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.Altcoins May Be Doomed for the Rest of the Year, Here’s Why

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NEAR Protocol (NEAR) has a maximum market cap of $1,049,437,299, which is the fully diluted valuation (FDV) of the cryptocurrency. This is based on the assumption that all 1 Billion NEAR tokens are circulating in the market today. Polygon (MATIC) 12-hour price, USD. Source: TradingView What ethical considerations, if any, should Catholics have ...Prominent crypto tracker Whale Alert spread the word about a massive XRP transaction, carrying tens of millions of XRP to the Bitstamp platform from an unknown wallet. Due to these concerns, the blockchain’s integrity is jeopardized, necessitating the implementation of strong consensus algorithms and effective network protocols by developers in order to reduce forking and latency problems and guarantee the timely and secure finality of transactions.

The grants program is Arbitrum’s second attempt to incentivize development on the network after a first iteration received community backlash. The high volume of proposals up for vote presents an experiment in how engaged the Arbitrum community can be. Some crypto companies like Crypto.com have successfully registered to offer crypto services in the Netherlands. Best Crypto Exchanges of 2023Image Source: YouTubeFormer FTX boss Sam Bankman-Fried had written a draft Twitter thread to announce the possible closure of his hedge fund Alameda Research. The thread, which was drafted in September 2022, reveals that Bankman-Fried considered announcing the closure of Alameda Research, the trading firm he co-founded, just two months before the collapse of FTX.During the trial, FTX co-founder Gary Wang testified that Bankman-Fried was anxious about an upcoming article that would expose the close ties between FTX and Alameda Research. Bankman-Fried Praises Alameda in Draft ThreadIn the thread, Bankman-Fried praised Alameda Research as a crucial player in the ecosystem, acting as "a buyer when no one else is ready to buy–when markets are wild and volatile and prices are crashing and capital is scarce." He also commended Alameda's achievements after his departure, emphasizing its role as a significant global source of liquidity and guidance for the industry.However, Bankman-Fried acknowledged Alameda's biggest failure in the draft thread, which was losing track of millions of dollars' worth of Ripple tokens due to accounting negligence in February 2018. "In February 2018, we got lazy–and our accounting was lazy–and we lost most of what we'd made," Bankman-Fried wrote."Employees were sad and angry and frustrated, and I had no idea what to do about that."Bankman-Fried used the thread as an opportunity to address the narrative propagated by competitors that Alameda and FTX had excessively close ties. He dismissed the claims as distractions from their competitors' own problems, emphasizing that they were not true. Interestingly, Bankman-Fried's plan to wind down Alameda Research was halted due to the firm's significant debt of $14 billion owed to FTX. Wang testified that when he informed Bankman-Fried about the inability to shut down Alameda, Bankman-Fried simply acknowledged the situation.The draft thread concludes with the hypothetical statement, "Alameda Research is dead. Long live FTX." However, Bankman-Fried never executed the closure of Alameda as planned.Wang Concludes Testimony on Day Six of TrialOn day six of the trial, Wang concluded his testimony and once again admitted to committing crimes with Bankman-Fried.Last week, Wang confessed that he and former FTX boss Sam Bankman-Fried committed wire fraud. He revealed to the jury that he and Bankman-Fried engaged in financial crimes and deceitful practices that ultimately led to the collapse of the cryptocurrency trading platform.As the chief technical officer at FTX and a co-owner of Alameda Research, a cryptocurrency hedge fund founded by Wang and Bankman-Fried in 2017, Wang admitted to committing wire, securities, and commodities fraud. He disclosed that the duo illegally withdrew a staggering $8 billion from FTX funds through Alameda Research. Wang further claimed that Bankman-Fried directed these illicit actions.Rise in Chinese Banks Issuing Digital Yuan Corporate Loans Participation in the airdrops is accessible and straightforward: users must complete tasks set by the project teams to qualify for these token-based rewards. This blend of on-chain and off-chain activities allows for greater community engagement.

Also, the entire rally was preceded by a bullish divergence in the RSI (green line). This occurs when a momentum increase accompanies a price decrease and often precedes trend reversals. What Is Cryptocurrency Mining? Which Bitcoin to invest in 2023?Web3 Gamer: Minecraft bans Bitcoin P2E, iPhone 15 & crypto gaming, Formula E'Like We Were Talking in Person': Zuckerberg’s Metaverse Is Coming to Life Bitcoin Dips Under $28K; Ether ETFs Lack Spark; InQubeta Presale Smashes $3.5M

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